A CNBC reporter since 1990, Bob Pisani has reported on Wall Street and the stock market from the floor of the New York Stock Exchange for more than a decade. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before moving to the New York Stock Exchange in 1997.
He was nominated twice for a "CableACE Award"—in 1993 and 1995.
In 2013, he won Third Place in the National Headliner Awards in the Business and Consumer Reporting category for his documentary on the diamond business, "The Diamond Rush."
In 2014, Bob was honored with a Recognition Award from the Market Technicians Association for "steadfast efforts to integrate technical analysis into financial decision making, journalism and reporting."
Prior to joining CNBC, Pisani co-authored "Investing in Land: How to Be a Successful Developer." He and his father taught a course in real estate development at the Wharton School of Business at the University of Pennsylvania from 1987-1992. Pisani learned the real estate business from his father, Ralph Pisani, a retired real estate developer.
Follow Bob Pisani on Twitter @BobPisani.
Stocks posted modest declines today, but it was enough for the Dow Jones Industrial Average to close at its lows for the year. It was a frustrating session, because stocks seem oversold, especially after Friday's 322 point drop in the Dow. But volume was light until the last half hour, as there seemed to be little interest in picking up stocks at a discount. What's the problem?
I've just returned from a week in Charleston, South Carolina, where the shrimp fisherman are starting to see higher prices for their shrimp due to limitations on fishing in the Gulf. Also: Hedge funds are in trouble. And the first evidence of earnings impact from the 6-month oil drilling moratorium is being seen today.
Today is an excellent example of the headline risk that bedevils the stock market, and will likely continue to do so. First, vaguely bellicose comments from North Korea earlier in the morning took the Dow down modestly (less than one percent). Then, when Fitch downgraded Spain's debt rating, the Dow lost about 100 points; it has since come off its lows. What else..?
Considerable confusion surrounding the president's new order on Gulf of Mexico drilling, most of it not good for the deepwater drillers: 1) a 6-month moratorium on permitting for new offshore oil and gas wells 2) the halting of all deepwater wells. The second part was a surprise to everyone. The issue: how does this affect earnings of deepwater drillers?
Italy successfully auctioned 3, 7, & 10 year notes Friday, which should further calm markets. Bottom line: for the moment, it appears that European countries can access capital markets, with the possible exception of Greece. Now they just have to sell the austerity programs. Also: Sell in May and go to..?
With the euro relatively stable against the dollar and the yen (though weaker late in the morning), most European indices are up 2 to 3 percent. This may be partly due to comments from the Organization for Economic Cooperation and Development, which raised its growth forecast for this year and 2011.
IPO market flashing warning signs
Traders will likely do after the disappointing jobs data what they have been doing for the past six weeks or so: nothing.
Liquidnet has opened a dark pool to trade bonds.
These are not normal times and anyone who relies on seasonality exclusively is courting trouble.
BioMed Realty Trust on Thursday announced that it agreed to be acquired by Blackstone in an all-cash deal valued at $8 billion.
U.S. Democratic presidential candidate Hillary Clinton will propose a tax on high-frequency trading, her campaign said.
Slowing global growth has been one of the predominant investing themes in 2015